The Indian iron and A573 Grade 58 carbon structural steel plate Steel Association (ISA) lowered its steel demand forecast for 2020 to 5.1% from 5.1% in February this year. The figure is expected to hit a low of 7.7%. The company said in an official statem
The Indian iron and A573 Grade 58 carbon structural steel plate Steel Association (ISA) lowered its steel demand forecast for 2020 to 5.1% from 5.1% in February this year. The figure is expected to hit a low of 7.7%. The company said in an official statement that the current share price has fallen sharply due to the huge downside risk. "We expect India's finished steel demand to fall to about 93.7 million tons by 2020, down from 101.5 million tons in 2019." This calendar year, the A573 Grade 58 carbon structural steel plate decline was 7.7%, about 8 million tons. " Isa said.
Low alloy steel plate was originally developed for large diameter oil and gas pipeline in 1960s. Pipeline steel materials used in oil and gas projects require higher strength and toughness than low carbon steel, and have good weldability just the same as low carbon steel.Advantages: A573 Grade 58 carbon structural steel plate, Low alloy steel plate has superior performance and light weight.Disadvantages: Low alloy steel plate is killed steel, so the price will be more expensive.
Tianjin warehouse mainly stores steel plates and steel pipes. The monthly replenishment is about 12000 tons. Our inventory cycle is short and flexible. Shanghai warehouse mainly stores A573 Grade 58 carbon structural steel plate ,steel plate and section steel. The average monthly purchase volume is about 15000 tons. The geographical location of the warehouse has greatly improved our performance in terms of transportation and delivery time.
The spot price of hot rolling steel rose on August 18, with a large overall increase. The average price of major cities in China is 3624 yuan / ton, up 95 yuan from last Friday. Shanghai 3520-3540 yuan / ton increased by 70 yuan, Tianjin 3600-3620 yuan / ton increased by 150 yuan, and Lecong 3650-3660 yuan / ton increased by 150 yuan. Central and southern China, North China and Northeast China rose by 90-150 yuan, while Western China rose by 30-60 yuan. The rise in spot A573 Grade 58 carbon structural steel plate prices led to a significant increase in transactions across the region. Hot rolled futures remained at a high level after opening up and closed at 3440, up 75 2.23%.
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